Sunday May 20, 2018
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All banks in Greece to reopen on Monday

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Athens: All banks in Greece will reopen on Monday after a three-week holiday, but capital controls will continue, an official said on Saturday.

Depositors will be able to reach the counters of bank branches from next week for a limited number of transactions, but the 60 euro daily limit in cash withdrawals remains, Xinhua reported, quoting the Finance Ministry.

The only difference was that as of Monday savers will be given the chance to “carry over” their withdrawal allowance into the next day up to 420 euros per week.

For example, if someone does not withdraw any money on one day or four consecutive days, they will be able to withdraw up to 420 euros by the end of the week.

 

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Concentrate on Health and Education as it is Done For Business: World Bank President

One in 10 people around the world lives in extreme poverty, which the World Bank defines as earning less than $1.90 a day.

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World Bank President Jim Yong Kim said that social unrest will spread without a focus on meeting basic human needs and taking a businesslike approach to philanthropy.
World Bank income groups. Wikimedia commons

The fight against poverty needs to focus aggressively on the health and education of the young and vulnerable, said non-government organization and development officials who spoke at the Milken Institute Global Conference in Los Angeles recently.

World Bank President Jim Yong Kim said that social unrest will spread without a focus on meeting basic human needs and taking a businesslike approach to philanthropy. The critique comes as a powerful new player, China, forges a major role in international development and as the World Bank prepares a ranking of nations to reflect investments in people.

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One in 10 people around the world lives in extreme poverty, which the World Bank defines as earning less than $1.90 a day. Nearly 6 million children under the age of 5 die every year, many from preventable diseases like pneumonia, diarrhea or malaria. (VOA)

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